May 22, 2024
Anhydrous Dibasic Calcium Phosphate Market

Anhydrous Dibasic Calcium Phosphate Market Projected to Witness High Growth Owing to Increasing Demand from Feed Industry

Anhydrous Dibasic Calcium Phosphate, also known as monocalcium phosphate is a raw material that is widely used in feed, food and pharmaceutical industries. It acts as a supplement for animals and humans to maintain proper calcium and phosphorous levels in the body. Anhydrous Dibasic Calcium Phosphate has excellent absorption properties and neutral ph level which makes it suitable for various end use applications.

The global Anhydrous Dibasic Calcium Phosphate market is estimated to be valued at US$ 245.96 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Anhydrous Dibasic Calcium Phosphate are Pfizer, Sanofi, New England Biolabs, GlaxoSmithKline plc, GenScript, Thermo Fisher Scientific, Inc., Biogen, Inc., Merck & Co., Inc., Profacgen, Amgen, Inc., Monsanto Company. Producers are focusing on expanding their production capacities and geographical reach to cater to increasing demand.

The feed industry offers significant growth opportunities owing to rising meat consumption and demand for high-quality animal feed. Major players are investing in R&D activities to develop innovative application-specific products to strengthen their market position globally. Countries like China, India, Brazil, and other developing regions provide huge scope for Anhydrous Dibasic Calcium Phosphate Market Demand on account of rising population and economic growth.

Market drivers:

The key driver contributing to the growth of Anhydrous Dibasic Calcium Phosphate market is the increasing demand from feed industry. Animal feed producers extensively use Anhydrous Dibasic Calcium Phosphate to meet the calcium and phosphorus needs of livestock. According to industry experts, the global compound feed production is projected to grow at over 4% during the forecast period primarily driven by pork and poultry meat consumption in Asia. The demand for high-quality feed to enhance Animal health and productivity is further propelling the Anhydrous Dibasic Calcium Phosphate market growth. Rising meat consumption backed by growing population and changing dietary patterns across developing nations will keep augmenting the feed production thereby accelerating the uptake of Anhydrous Dibasic Calcium Phosphate in the coming years.

PEST Analysis

Political: The Anhydrous Dibasic Calcium Phosphate market is subject to extensive regulations regarding quality, application, and other manufacturing processes imposed by regulatory bodies like FDA in the US. Changes in regulations can affect the market growth positively or negatively.

Economic: The growth of the Anhydrous Dibasic Calcium Phosphate market is dependent on the economic conditions of different regions. A strong economy favors investments in healthcare and pharmaceutical research & development, driving market growth. High manufacturing costs can restrain the market.

Social: Rising health awareness and growing demand for nutritious food & dietary supplements are driving the use of Anhydrous Dibasic Calcium Phosphate as a dietary mineral and food additive. Rapid urbanization and lifestyle changes are fueling the need for processed & fortified food products.

Technological: Advances in powder packaging, processing, and production technologies help improve yield and efficiency. Automation in manufacturing allows mass production at low costs. New applications are being discovered through continuous R&D.

Geographical Regions with high market concentration:
North America accounts for the largest share of the global market due to the high demand from various end-use industries such as pharmaceutical, food, and agriculture. Europe has considerable market share owing to stringent regulations regarding food additives and formulations.

Fastest growing region: Asia Pacific region is expected to grow at the fastest rate during the forecast period. This can be attributed to rapid industrialization, rising incomes, growing health awareness, and increasing demand for processed food and dietary supplements from countries like China and India dominating the market in the region.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it